Mexican Peso (MXN) strengthens in early North American session against the US Dollar (USD) despite the ongoing escalation of the Israel-Hamas conflict
Mexican Peso extends its gains for second straight day, as USD/MXN drops to 18.15 despite the sour market mood. Mexico's economic activity exceeded estimates in August, providing a positive backdrop for the Peso. US 10-year bond yield pulls back from above 5%, weakening the US Dollar. threatening to spread across the region. The 10-year bond yield in the United States surpassed the 5% threshold, though it has retreated, weighing on the US Dollar. The USD/MXN is trading at the 18.
48, that would put the 18.50 figure into play, followed by the 19.00 mark. Mexican Peso FAQs What key factors drive the Mexican Peso? The Mexican Peso is the most traded currency among its Latin American peers. Its value is broadly determined by the performance of the Mexican economy, the country’s central bank’s policy, the amount of foreign investment in the country and even the levels of remittances sent by Mexicans who live abroad, particularly in the United States.
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